The Insurance Requirements for a Tow Truck Operator

The Insurance Requirements for a Tow Truck OperatorTow truck companies must have a specialized tow truck insurance program in place to protect themselves from the risks they face on a regular basis. Financial risks from operating a tow truck can eclipse those of personal vehicles, making the right insurance coverage crucial. The potential dangers of of simply taking part of this field of business can be catastrophic. It is extremely important to obtain an adequate tow truck insurance program in order to protect yourself and your business from these risks.

Not all tow truck companies or operators are the same, and what may be necessary for one may not be necessary for the other. This remains true where tow truck insurance is concerned. Speak to an agent to understand what tow truck insurance program fits your business.

Types of Coverage

There are several tow truck insurance coverages that allow you to customize your policy to fit your business’ needs.

Common commercial tow truck insurance coverages include:

  • Auto Liability Insurance – This is the most commonly required type of auto insurance, as it is a broad basic coverage.  
  • Medical Payments– This policy will help pay for costs related to injuries suffered by others from an accident caused by you or your drivers.
  • Physical Damage – This coverage will help with costs related to the repair or replacement of your tow truck if it is damaged in a crash.
  • Uninsured/Underinsured Motorist – This will help you cover your cost if you are hit by a driver who has either no coverage at all, or coverage with limits that are inadequate to cover your damages/injuries.
  • On-Hook Towing Insurance – This will help pay for damages to vehicles you are towing.
  • Garagekeepers Legal Liability Insurance – This will cover vehicles you are storing for clients.

Your tow truck insurance program will be responsible for submitting these filings. Speak to an agent to get a better understanding of how each would be beneficial for you.  

You come to the rescue of stranded motorists each and every day, with so many individuals depending on your services to get them out of a jam. With so much pressure for your operation to run smoothly, you need an insurance product that that sets you up for security when an accident or loss occurs.

After you have received your quotes, it is beneficial to work closely with your tow truck insurance program provider to make sure you get a policy that best fits your business needs.

About Byrnes Agency

At Byrnes Agency, we offer auto insurance solutions that can be tailored to meet your specific needs. Whether you have an old classic car or a brand-new model, we have the right coverage for you. To learn more about our products, contact us today at one of our two locations.

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Dayville Office

Phone: (860) 774-8549

394 Lake Rd

Dayville, CT 06241

United States

Hours of Operation: Monday- Friday 9:00am-5:00pm

Norwich Office

Phone: (860) 886-5498

6 Consumers Avenue

Norwich, CT 06360

United States

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